Lex Sokolin | Generative Ventures

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@LexSokolin

Partner @Genventurecap investing in machine economy 🦊 Ex Chief Economist & CMO @Consensys 📈 Founder in Web3, roboadvice, data, and fintechblueprint.com

https://lex.substack.com/ genventures.xyz Joined May 2013

8K Following 24K Followers 45K Posts

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Lex Sokolin | Generative Ventures @LexSokolin Mar 24, 2025

Here are all my secrets

We cover crypto, AI, and the machine economy.

The weather changes but the stars point in the same direction.

Really enjoyed this conversation with @francescoswiss

Francesco Andreoli ᵍᵐ Verified account @francescoswiss Mar 24, 2025

AI, Crypto & Web3: The Future of Intelligent Agent w/ @LexSokolin

00:07 - Who is Lex Sokolin
03:39 - The Economics of AI
05:16 - Why Crypto Struggles
07:51 - Web2 vs. Web3 AI
10:46 - DAOs in AI Frameworks
19:57 - The Rise of On-Chain AI Agents
30:35 - The Future of AI & Crypto

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Lex Sokolin | Generative Ventures @LexSokolin 1h

Cash App just printed bank-like numbers.

According to Block's latest earnings data, consumer lending originations hit $19B, up 40%. Primary banking actives reached 9.4M. Cash App runs at over $8B annualized gross profit.

The P2P app became a lender. That's where the money is.

Lex Sokolin | Generative Ventures @LexSokolin 4h

Memecoins are financial poison

It’s a shame ETH bled attention to this for several years

Andy Verified account @andyyy 1d

Based on what we've heard, we now predict that over 80% of your favorite memecoin trading influencers are operating side wallets with 10-100x larger balances, preying on their audience.

Full on pump and dump clinics "behind the scenes" being ran by a set of fraudster anon "KOLs" running this scheme on pump fun with celebs and other major names.

This has reached such a massive scale, it will have severe consequences for those involved.

We're talking tens to hundreds of millions of dollars being extracted by a small group of onchain snipers and bundlers.

More to come on this...
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Lex Sokolin | Generative Ventures @LexSokolin 1d

Affirm says 85% of its borrowers already have a credit card with available credit. About half are prime or super-prime.

I'd be careful calling BNPL credit for people with no alternatives. The banks have already approved many of these customers. They still choose another lender.

Lex Sokolin | Generative Ventures @LexSokolin 2d

Is it true that @AlpacaHQ has such dominant market share?

What about @zerohashx or @apexfintech

stein Verified account @steinRWA 2d

91% of all tokenized stocks lead back to one broker.

Tokenized stocks total $4.60B today and $4.17B of that is backed by real shares held at a single US broker called Alpaca Securities.

- 7 issuers use it - Binance bStocks, Ondo, xStocks, Robinhood, Reality, Coinbase and Dinari.

- Alpaca holds those shares at DTC, the central US securities depository. On the company's books, the owner is Cede & Co., and not you.

- Securitize and Backpack take a different path, through RQD Clearing but still ends at DTC.

- Superstate and Securitize’s ISTs are the only one that skips both. The shares sit on the company's own register, with no broker and no DTC.

In total, that’s 4.7M token holders across those 7 issuers, and one broker between all of them and the real shares.

Now you know.

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